Solar Panel Cost Guide in Lemmon Valley, NV (Feb 2023)

  • Lemmon Valley Solar Installation Cost: $11,043
  • 25-Year Savings: $18,951
  • Payback Period: 9.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lemmon Valley

Find out what the average cost of solar panel installation is in Lemmon Valley.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Lemmon Valley, the typical cost of solar panels is $3 per watt. To cover the typical energy needs of the average home in Lemmon Valley, most homeowners require a 6.3-kilowatt system. Using the figure above, a solar installation costs around $11,043, or $8,172 after the federal solar tax credit of 30% is applied.

Bear in mind that the figures above are only estimates based on the average Lemmon Valley homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Despite the large upfront cost, the average Lemmon Valley homeowner can save around $18,000 on their power bills over 20 years, which is one of the perks of solar.

For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Lemmon Valley

Year Return on Investment
1 years $-9,843
3 years $-7,443
5 years $-5,044
7 years $-2,644
9 years $-245
11 years $2,154
13 years $4,554
15 years $6,953
17 years $9,353
19 years $11,752
21 years $14,152
23 years $16,551
25 years $18,951

Top Solar Installers in Lemmon Valley

Although you can install solar panels yourself, it involves extra energy and expertise. That's why almost all homeowners choose to hire a solar panel installer. The expertise that solar installers provide can be invaluable as well, especially if you aren't sure what type of solar equipment you need.

If you'd like to make the switch to solar but still aren't sure which solar system company to go with, here are our suggestions for providers in Lemmon Valley:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

See all of the solar companies in Lemmon Valley

Factors that Affect Solar Panel Costs in Lemmon Valley

For many Lemmon Valley homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Lemmon Valley, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,520. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Lemmon Valley average.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Lemmon Valley, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Lemmon Valley is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that offer a range of services at different price points. Additionally, some companies in Lemmon Valley have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.62 $11,007 $17,753 9.6 years
8 kW $2.57 $14,394 $23,953 9.4 years
10 kW $2.52 $17,640 $30,294 9.2 years
12 kW $2.47 $20,745 $36,776 9.0 years
14 kW $2.42 $23,708 $43,399 8.8 years
16 kW $2.37 $26,531 $50,163 8.6 years
18 kW $2.32 $29,212 $57,069 8.5 years
20 kW $2.27 $31,752 $64,115 8.3 years

How to Save on Solar Panels

Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
  • Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

EcoWatch's Lemmon Valley, NV Solar Cost FAQs

How much does it cost to install solar panels in Lemmon Valley?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $12,600 for a 5-kW system and $25,200 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Is cost the most important thing to think about when buying solar panels?

The initial cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.

Do solar panels increase your home value?

Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.

Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.

Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.

Follow us